417 S Alvarado St, Los Angeles, Los Angeles County, CA, 90057 Los Angeles CA US

REDUCED $345K! We are proud to present for 3 contiguous lots with tremendous redevelopment potential in the up and coming MacArthur Park / Westlake Area. High visibility Alvarado St. just a block away from MacArthur Park and the Metro Station, this property is central to all be it by car, foot or public transportation! Develop the 22,500 SF of C2-1, TOC TIER 3, Opportunity Zone Land into 97 Units or 103 Affordable Units. Bought with the available neighboring lot (which currently holds a 16 unit building), a Developer can build 128 units or 137 Affordable Units. No Overlay Zones, No Historical Issues, No Specific Plan. The property currently has 7 tenants. Centrally located: 7 minute drive or 9 minute Metro ride to Downtown Los Angeles & 30 minute drive to Santa Monica. Alvarado Street is a major corridor with unparalleled visibility will ensure speedy lease-up of units. This listing includes the following APNs: 5154-031-004, 5154-031-005 & 5154-031-006. Find out more about this property. Request details here